Top 5 Singapore Forex Brokers
Specifically because Singapore is a fairly small country, if you’re looking for one of the best Forex brokers in Singapore you may want to consider a broker with global reach that operates in the region. For example there are many Forex brokers with FCA regulation in the United Kingdom that operate in Singapore and have built reliable reputations and a strong presence in Singapore (and oftentimes throughout Asia). Several CySEC-regulated brokers also serve residents of Singapore dependably.
Regulated Forex Brokers in Singapore
Though regulation is certainly an important factor when evaluating the top Forex brokers in Singapore, spreads, fees, platform options and other factors are important to consider as well. To help make your decision easier we’ve tested the top Forex brokers in Singapore and recorded our findings in the reviews below. Don’t be afraid to trade on a demo before depositing money into your live account. This is the best way to make sure that our recommended brokers are the best for you.
| Broker's Name | Minimum Deposit | Deposit Bonus | Type of Platform | Maximum Leverage | Regulation | More Info | ||
|---|---|---|---|---|---|---|---|---|
|
$1 | None | MetaTrader 4, Web-based | 1:400 | CySEC | Sign Up | ||
|
$5 | Sign Up - 20% | MetaTrader 4, Sirix, MetaTrader 5 | 1:1000 | CySEC, IFSC | Sign Up | ||
|
$100 | Up To $5000 | MetaTrader 4, Proprietary platform, Web-based | 1:400 | MiFID, ASIC, Central Bank of Ireland, FSC, BVIFSC | Sign Up | ||
| 4 |
|
$50
Standard: $2000, Mini: $50
|
None | MetaTrader 4, Proprietary platform, Web-based | 1:50 | FCA, ASIC | Sign Up | |
| 5 |
|
$100 | $24 for new Mobile App account/download | MetaTrader 4 | 1:200 | CySEC | Sign Up |
Regulated Forex Brokers in Singapore
IFC Markets, headquartered in Cyprus, is one of the leading regulated brokers in CFD and Forex markets. The company was founded in 2006 and since then, IFC Markets has expanded the range of services provided and has been focused on the development and implementation of innovative approaches to trading.
IFC Markets Review
FXTM or Forex Time, founded in 2012, is still considered a newcomer to the online Forex trading scene. However, within a span of two short years, this broker has managed to carve out a name for itself by wining several industry awards such as “Best Newcomer 2013” and “Fastest Growing Forex Broker.” FXTM is headquartered in Cyprus and is regulated by IFSC of Belize as well as FSB.
FXTM Review
AvaTrade is among the top Forex brokers in the world with offices in New York, Dublin, Sydney, Milan, Tokyo and other locations. It is regulated by the Central Bank of Ireland and licensed by MiFID in the European Union as well as by several other licensing bodies. AvaTrade’s features include, among other things, a choice of platforms, a demo account, an Ava debit card for all live account holders, access to Trading Central charting tools for depositors of over $1000 and free withdrawals.
AvaTrade Review
FXCM (Forex Capital Markets) was founded in 1999 in the U.S.A. and was an early pioneer of internet-based trading. FXCM was listed among the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row. The FXCM Group has headquarters in New York, with offices around the globe in places such as the U.K., France, Italy, and Australia. It is regulated and licensed in each of them. FXCM is also a publicly traded company on the Nasdaq Exchange, the major U.S. exchange listing the equity of large technology-based companies.
FXCM Review
24option is a market-making spot Forex and CFD broker located in Limassol, Cyprus and regulated by CySec. 24option opened its doors to traders in 2010 and for several years was in the forefront of binary options trading. They decided in 2017 to expand by moving away from binary options, and now offer trading in spot Forex and CFDs only. The CFDs on offer cover a wide range, from popular individual international stocks to commodities such as metals, energies and softs, as well as equity indices. They also offer a good, wide selection of Forex currency pairs.
24Option Review